Do Austrians Really Reject Empirical Evidence?
Statistics and empirical data aren't ignored by Austrians. Rather, they are relegated to their proper place in the economic edifice.
Statistics and empirical data aren't ignored by Austrians. Rather, they are relegated to their proper place in the economic edifice.
Here are two ways to gauge the strength of the world economy.
It no longer seems to be the case that a few countries can control oil prices. In other words, cartels are being even less influential in oil markets.
If one likes the internet's remarkable evolution to this point, it seems odd to assert that now is the moment to freeze it through government action.